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Bill Moyers: 'We're Almost Out of Time'
From the page: The great and powerful Oz of Wall Street was not the only target of Wall Street and the Financial Crisis: Anatomy of a Financial Collapse, the 650-page report just released by the Senate Subcommittee on Investigations, chaired by Democrat Carl Levin of Michigan, alongside Republican Tom Coburn of Oklahoma. Their unusually scathing bipartisan report also includes case studies of Washington Mutual and Deutsche Bank, providing a panoramic portrait of a bubble era that produced the most destructive crime spree in our history Ã¢â,¬â "a million fraud cases a year" is how one former regulator puts it. But the mountain of evidence collected against Goldman by Levin's small, 15-desk office of investigators Ã¢â,¬â details of gross, baldfaced fraud delivered up in such quantities as to almost serve as a kind of sarcastic challenge to the curiously impassive Justice Department Ã¢â,¬â stands as the most important symbol of Wall Street's aristocratic impunity and prosecutorial immunity produced since the crash of 2008.
the best part of this clip is the BP Oil commercial before it .......have ya heard? The Gulf is back! They've got the best seafood in town! ......bunch of sad liars.....thanks NBC.
From the page: In this regard, John Swinton, who worked at The New York Times and The New York Sun and in various writing gigs from the 1860s to the eve of the 20th century, reminds us that it's always been about selling copies, that this business of news is just that. Swinton, on a night of drinking with his colleagues in 1880, was asked to make a toast to the "independent press." He stood up and famously answered: "There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press? We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes."
From the page: Events at Fukushima "show that, even in a high-tech country like Japan that is equipped for all eventualities, nuclear power is an uncontrollable, highly dangerous, risky technology," the leadership of the opposition Greens said in a statement.
From the page: "According to First Lieutenant Brian Villard, a Marine spokesman, the decision was 'not punitive' and done in accordance with Brig rules," he added.
From the page: That's right. DeChristopher is being prosecuted for disrupting a sale that didn't happen, and for failing to pay money he would have gotten back anyway. And the judge in the case has already ruled that he can't use that fact as a defense, or the fact that the leases would have accelerated global warming ("necessity defense"), or the fact that this is a politically-motived prosecution, since the government didn't prosecute the oil guys who bid on leases and then failed to pay.
From the page: As a result of your going without heat next winter, we will be able to afford almost one whole week of fighting the wars in Iraq and Afghanistan, which cost about $468 million a day. Although when you add in the many hidden costs like increased long-term veteran's health care due to the conflicts, your sacrifice is probably only really going to cover maybe half a week.
a friend of mine got her dog from the Lange Foundation - it really is a great place
From the page: Some of these chemicals were banned before many of the women were even born.
The presence of the chemicals in the women, who ranged in age from 15 to 44, shows the ability of these substances to endure in the environment and in human bodies as well, said lead author Tracey Woodruff, director of the UCSF Program on Reproductive Health and the Environment.
From the page: "
Home > Views"
From the page: Might WikiLeaks cause some unintended harm to diplomatic negotiations and U.S. interests around the world? Perhaps. But that's the price you pay when you and your government take us into a war based on a lie. Your punishment for misbehaving is that someone has to turn on all the lights in the room so that we can see what you're up to. You simply can't be trusted. So every cable, every email you write is now fair game. Sorry, but you brought this upon yourself. No one can hide from the truth now. No one can plot the next Big Lie if they know that they might be exposed.
From the page: Every time WikiLeaks publishes the truth about abuses committed by US agencies, Australian politicians chant a provably false chorus with the State Department: "You'll risk lives! National security! You'll endanger troops!" Then they say there is nothing of importance in what WikiLeaks publishes. It can't be both. Which is it?
From the page: "You should never have to explain to your children, 'Remember that no stranger can touch or see your private area, unless it's a government employee, then it's OK.'
From the page: Cherri Foytlin, whose husband works in the Gulf oil industry, announced that every Louisiana state representative and senator had been invited to both events. While she said that two had responded to her invitation by agreeing to meet with them, no one showed up at either event.
"In five to 10 years from now, people all along the Gulf Coast are going to be dropping dead from cancer, and that includes children," Foytlin said, before directing her next comments towards BP. "I'm not your experiment. This is my life. Our Gulf is not your experiment."
he looks fun!
From the page: J.P. Morgan Chase, Goldman Sachs, and several other leading banks helped hide the debt for several nations across Europe, which all began to enter into a debt crisis. Interestingly, banks rapidly expanded their use of the derivatives trade not only in Greece, but Spain and Portugal as well, "as worries about those countries' debts moved markets around the world." Subsequently, "European banks including the Swiss giants Credit Suisse and UBS, France's Societe Generale and BNP Paribas and Deutsche Bank of Germany have been among the heaviest buyers of swaps insurance." The reason for this: "those countries are the most exposed. French banks hold $75.4 billion worth of Greek debt, followed by Swiss institutions, at $64 billion," and "German banks' exposure stands at $43.2 billion." J.P. Morgan Chase, Goldman Sachs, and other US banks are also participating in the derivatives assault against Greece, which may be "pushing Greece toward financial collapse." Thus, we have a situation in which major global banks helped governments acquire expansive debts (and hide it from their balance sheets), and then the countries enter into a debt crisis. As they impose fiscal austerity measures to reduce their deficits, and seek help from central banks and the IMF to pay their interest, these same global banks speculate against the debts, thus pushing the nations further into crisis, exacerbating the social crisis, and forcing further and more expansive ﾃﾂ｢ﾃ｢,ﾂｬﾃ
From the page: If the corporate groups "win" this election, the American people will lose. The big corporations and their political representatives will use this as a "mandate" to cut government programs that help ordinary people, while ensuring that the richest get permanent tax breaks, that the poorest lose benefits, that the middle class lose health protections, that the outsourcing of jobs overseas continues, and that the privatization of our nation's defense -- including billions of dollars of "national security" spending to big defense corporations --continues to expand.